Joseph Ferraro - Mar 15, 2022 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
President and CEO
Signature
/s/ Jean M. Sera, by Power of Attorney for Joseph Ferraro
Stock symbol
CAR
Transactions as of
Mar 15, 2022
Transactions value $
-$5,701,109
Form type
4
Date filed
3/17/2022, 06:09 PM
Previous filing
Mar 11, 2022
Next filing
Dec 16, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAR Common Stock Options Exercise $0 +50.3K +31.28% $0.00 211K Mar 15, 2022 Direct F1
transaction CAR Common Stock Tax liability -$5.7M -24.6K -11.67% $231.63 186K Mar 15, 2022 Direct F2
holding CAR Common Stock 2.48K Mar 15, 2022 By 401(k)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CAR Restricted Stock Units Options Exercise $0 -7.18K -100% $0.00* 0 Mar 15, 2022 Common Stock 7.18K $0.00 Direct F1, F3, F4
transaction CAR Performance Based Restricted Stock Units Options Exercise $0 -43.1K -100% $0.00* 0 Mar 15, 2022 Common Stock 43.1K $0.00 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
F2 Represents tax withholdings in connection with the vesting of restricted stock units.
F3 Units vest in three equal installments on March 15, 2020, 2021 and 2022.
F4 Expiration date not applicable.
F5 Units vested on March 15, 2022 based on the Company's attainment of pre-established performance goals.